BTIG Adds 2 To Fixed Income Group

May 17 2011 | 1:35pm ET

BTIG, a broker dealer catering to the alternative assets industry, has added Michael S. Noonan and Drew Rymer to its fixed income group.

The company says the hires are part of its strategy of expanding its fixed income sales and trading offering. Both join BTIG’s high yield and distressed fixed income sales group in New York.
 
“Michael and Drew bring a distinct level of experience and expertise that will enhance the level of service BTIG provides,” said Robert Langer, head of high yield and distressed desk. “We are seeing an increase in activity across the high yield and international fixed income businesses, and these two additions will help BTIG capture those opportunities and broaden our distribution.”
 
Noonan, who joins BTIG as a managing director, brings over 11 years’ fixed income sales and trading experience in London and New York.  He joins BTIG in New York from CF Global Ltd in London, where he was a senior sales trader in the fixed income division. Noonan began his career at Citibank’s private wealth management division in New York, before moving to London to join the European high yield trading desk at CIBC World Markets. Prior to that, he ran the high yield trading desks at interdealer brokerages Seidel & Shaw and Tullett Prebon, and headed up the sales and trading effort at UBA Capital (Europe) Limited.
 
Rymer joins BTIG as a vice president from Hamlin Capital Management, a New York-based investment fund, where he performed both credit and equity analysis for prospective fixed income investments as well as its income oriented equity investment strategy. Rymer started his career at Imperial Capital, a Los Angeles based investment bank, where he focused on fixed income research on high yield and distressed securities.
 
“Michael and Drew complement our fixed income team, and bring skills that will broaden our offering to clients,” said Steven Starker,co-founder of BTIG.  “We are looking forward to their contributions and leveraging the experience they bring to the group.”
 


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